A bullish divergence on the 1 hour chart has taken place with lower lows on the price and higher lows on the RSI which is an indicator for a reversal.
The past two days' sell-off looks like it may have run out of steam at this point.
At this point, my advise would be to continuously buy low and sell high. on this forming trend.
My additional confirmation is that the price is now crossing the 5 minute 200 EMA which may relatively be a shorter time frame for some people, however once the price crosses the longer time frame 50, 100 and 200 EMAs should serve as valid uptrend.
The past two days' sell-off looks like it may have run out of steam at this point.
At this point, my advise would be to continuously buy low and sell high. on this forming trend.
My additional confirmation is that the price is now crossing the 5 minute 200 EMA which may relatively be a shorter time frame for some people, however once the price crosses the longer time frame 50, 100 and 200 EMAs should serve as valid uptrend.
Trade closed manually:
This aged well